Growing through cycles
Article Abstract:
Economic growth is affected by a variety of factors, market growth, technological innovation and investment. Two economic models of growth are stressed as being equally important. One is the neoclassical growth model, which stresses factor accumulation as a necessary factor for economic growth, and the other, the neo-Schumpetarian model, which stresses innovation. It is believed that both models exist as different phases during the achievement of economic growth.
Publication Name: Econometrica
Subject: Mathematics
ISSN: 0012-9682
Year: 1999
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Short run and long run causality in time series: theory
Article Abstract:
Generalization of the notion of causality was undertaken to assess short-term and long-term causality properties. Such step was undertaken through consideration of causality at a given (arbitrary) horizon, h. It was noted that lagged variables' coefficients in predictions at different horizons can be viewed as generalized impulse response coefficients, which clearly demonstrate linear causality properties.
Publication Name: Econometrica
Subject: Mathematics
ISSN: 0012-9682
Year: 1998
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